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Side-by-side financial comparison of Freshpet, Inc. (FRPT) and OFG BANCORP (OFG). Click either name above to swap in a different company.

Freshpet, Inc. is the larger business by last-quarter revenue ($285.2M vs $184.3M, roughly 1.5× OFG BANCORP). OFG BANCORP runs the higher net margin — 30.3% vs 11.9%, a 18.5% gap on every dollar of revenue. On growth, Freshpet, Inc. posted the faster year-over-year revenue change (8.6% vs 0.9%). OFG BANCORP produced more free cash flow last quarter ($199.3M vs $2.1M). Over the past eight quarters, Freshpet, Inc.'s revenue compounded faster (12.9% CAGR vs 2.8%).

Freshpet, Inc. is an American pet food company. Its cat food and dog food products are marketed as fresh and need to be kept refrigerated. It is listed on the Nasdaq exchange with the ticker symbol FRPT.

OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918....

FRPT vs OFG — Head-to-Head

Bigger by revenue
FRPT
FRPT
1.5× larger
FRPT
$285.2M
$184.3M
OFG
Growing faster (revenue YoY)
FRPT
FRPT
+7.7% gap
FRPT
8.6%
0.9%
OFG
Higher net margin
OFG
OFG
18.5% more per $
OFG
30.3%
11.9%
FRPT
More free cash flow
OFG
OFG
$197.3M more FCF
OFG
$199.3M
$2.1M
FRPT
Faster 2-yr revenue CAGR
FRPT
FRPT
Annualised
FRPT
12.9%
2.8%
OFG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FRPT
FRPT
OFG
OFG
Revenue
$285.2M
$184.3M
Net Profit
$33.8M
$55.9M
Gross Margin
43.3%
Operating Margin
15.6%
25.7%
Net Margin
11.9%
30.3%
Revenue YoY
8.6%
0.9%
Net Profit YoY
86.6%
11.0%
EPS (diluted)
$0.71
$1.27

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FRPT
FRPT
OFG
OFG
Q4 25
$285.2M
$184.3M
Q3 25
$288.8M
$186.2M
Q2 25
$264.7M
$182.4M
Q1 25
$263.2M
$178.6M
Q4 24
$262.7M
$182.7M
Q3 24
$253.4M
$174.7M
Q2 24
$235.3M
$179.8M
Q1 24
$223.8M
$174.4M
Net Profit
FRPT
FRPT
OFG
OFG
Q4 25
$33.8M
$55.9M
Q3 25
$101.7M
$51.8M
Q2 25
$16.4M
$51.8M
Q1 25
$-12.7M
$45.6M
Q4 24
$18.1M
$50.3M
Q3 24
$11.9M
$47.0M
Q2 24
$-1.7M
$51.1M
Q1 24
$18.6M
$49.7M
Gross Margin
FRPT
FRPT
OFG
OFG
Q4 25
43.3%
Q3 25
39.5%
Q2 25
40.9%
Q1 25
39.4%
Q4 24
42.5%
Q3 24
40.4%
Q2 24
39.9%
Q1 24
39.4%
Operating Margin
FRPT
FRPT
OFG
OFG
Q4 25
15.6%
25.7%
Q3 25
8.6%
33.0%
Q2 25
6.7%
36.1%
Q1 25
-4.4%
33.3%
Q4 24
7.4%
28.9%
Q3 24
4.7%
35.4%
Q2 24
-0.7%
39.6%
Q1 24
3.8%
38.9%
Net Margin
FRPT
FRPT
OFG
OFG
Q4 25
11.9%
30.3%
Q3 25
35.2%
27.8%
Q2 25
6.2%
28.4%
Q1 25
-4.8%
25.5%
Q4 24
6.9%
27.6%
Q3 24
4.7%
26.9%
Q2 24
-0.7%
28.4%
Q1 24
8.3%
28.5%
EPS (diluted)
FRPT
FRPT
OFG
OFG
Q4 25
$0.71
$1.27
Q3 25
$1.86
$1.16
Q2 25
$0.33
$1.15
Q1 25
$-0.26
$1.00
Q4 24
$0.35
$1.10
Q3 24
$0.24
$1.00
Q2 24
$-0.03
$1.08
Q1 24
$0.37
$1.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FRPT
FRPT
OFG
OFG
Cash + ST InvestmentsLiquidity on hand
$278.0M
$1.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$1.4B
Total Assets
$1.8B
$12.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRPT
FRPT
OFG
OFG
Q4 25
$278.0M
$1.0B
Q3 25
$274.6M
$740.3M
Q2 25
$243.7M
$851.8M
Q1 25
$243.7M
$710.6M
Q4 24
$268.6M
$591.1M
Q3 24
$274.6M
$680.6M
Q2 24
$251.7M
$740.4M
Q1 24
$257.9M
$754.4M
Stockholders' Equity
FRPT
FRPT
OFG
OFG
Q4 25
$1.2B
$1.4B
Q3 25
$1.2B
$1.4B
Q2 25
$1.1B
$1.3B
Q1 25
$1.0B
$1.3B
Q4 24
$1.1B
$1.3B
Q3 24
$1.0B
$1.3B
Q2 24
$995.8M
$1.2B
Q1 24
$977.8M
$1.2B
Total Assets
FRPT
FRPT
OFG
OFG
Q4 25
$1.8B
$12.5B
Q3 25
$1.7B
$12.2B
Q2 25
$1.6B
$12.2B
Q1 25
$1.6B
$11.7B
Q4 24
$1.6B
$11.5B
Q3 24
$1.5B
$11.5B
Q2 24
$1.5B
$11.3B
Q1 24
$1.5B
$11.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FRPT
FRPT
OFG
OFG
Operating Cash FlowLast quarter
$55.1M
$217.7M
Free Cash FlowOCF − Capex
$2.1M
$199.3M
FCF MarginFCF / Revenue
0.7%
108.1%
Capex IntensityCapex / Revenue
18.6%
10.0%
Cash ConversionOCF / Net Profit
1.63×
3.90×
TTM Free Cash FlowTrailing 4 quarters
$12.4M
$345.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRPT
FRPT
OFG
OFG
Q4 25
$55.1M
$217.7M
Q3 25
$66.8M
$39.5M
Q2 25
$33.9M
$35.9M
Q1 25
$4.8M
$83.1M
Q4 24
$50.4M
$252.5M
Q3 24
$56.1M
$58.1M
Q2 24
$42.4M
$95.1M
Q1 24
$5.4M
$61.0M
Free Cash Flow
FRPT
FRPT
OFG
OFG
Q4 25
$2.1M
$199.3M
Q3 25
$31.6M
$35.5M
Q2 25
$445.0K
$31.8M
Q1 25
$-21.7M
$78.7M
Q4 24
$-7.9M
$231.2M
Q3 24
$22.1M
$51.8M
Q2 24
$-5.9M
$90.4M
Q1 24
$-41.1M
$54.8M
FCF Margin
FRPT
FRPT
OFG
OFG
Q4 25
0.7%
108.1%
Q3 25
10.9%
19.1%
Q2 25
0.2%
17.4%
Q1 25
-8.2%
44.1%
Q4 24
-3.0%
126.5%
Q3 24
8.7%
29.6%
Q2 24
-2.5%
50.3%
Q1 24
-18.3%
31.4%
Capex Intensity
FRPT
FRPT
OFG
OFG
Q4 25
18.6%
10.0%
Q3 25
12.2%
2.1%
Q2 25
12.6%
2.3%
Q1 25
10.1%
2.4%
Q4 24
22.2%
11.7%
Q3 24
13.4%
3.6%
Q2 24
20.5%
2.6%
Q1 24
20.8%
3.5%
Cash Conversion
FRPT
FRPT
OFG
OFG
Q4 25
1.63×
3.90×
Q3 25
0.66×
0.76×
Q2 25
2.07×
0.69×
Q1 25
1.82×
Q4 24
2.78×
5.02×
Q3 24
4.72×
1.24×
Q2 24
1.86×
Q1 24
0.29×
1.23×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FRPT
FRPT

Sales Channel Grocery Mass International And Digital$228.4M80%
Sales Channel Pet Specialty And Club$56.8M20%

OFG
OFG

Segment breakdown not available.

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